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Oracle 1Z0-1056-24 Exam Syllabus Topics:

Oracle Financials Cloud: Receivables 2024 Implementation Professional Sample Questions:

1. As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?

A) Reject
B) Approve
C) Edit
D) Request Information
E) Reassign

2. When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

A) leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
B) removes the pending sales credits
C) leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
D) removes the invoice line revenue contingencies

3. Which two are Late Charge Calculation Methods?

A) Credit Items and Disputed Transactions
B) Late Payments Only
C) Overdue Invoices Only
D) Adjustment

4. You created a new enterprise structure in the Cloud for a single country. In the structure, there are two legal entities: a single ledger and two business units (representing two warehouses, each owned by one of the legal entities). The tax regulations are common between the legal entities.
When assigning the tax regime to parties, what should you do to share all setup for Tax?

A) Assign both business units to Global Configuration Owner.
B) Assign two business units to First Party Configuration with Party Overrides.
C) Assign one legal entity to Global Configuration and one business unit to First Party Configuration with Party Overrides.
D) Assign the ledger to Global Configuration Owner.
E) Assign one legal entity to Global Configuration and one legal entity to Party Specific Configuration.

5. Identify two values that default from Customer Profile Classes. (Choose two.)

A) Tax
B) Legal Entity
C) Statement Cycle
D) Business Purpose
E) Payment Terms

Solutions: